NFG Relative Valuation
NFG's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average, adjusted by weights. If the market price exceeds this fair value range, NFG is overvalued; if below, it's undervalued.
Historical Valuation
National Fuel Gas Co (NFG) is now in the Fair zone, suggesting that its current forward PE ratio of 10.10 is considered Fairly compared with the five-year average of 10.53. The fair price of National Fuel Gas Co (NFG) is between 80.87 to 92.42 according to relative valuation methord.
Relative Value
Fair Zone
80.87-92.42
Current Price：81.33
Fair
10.10
PE
1Y
3Y
5Y
Trailing
Forward
6.41
EV/EBITDA
National Fuel Gas Co. (NFG) has a current EV/EBITDA of 6.41. The 5-year average EV/EBITDA is 6.51. The thresholds are as follows: Strongly Undervalued below 5.74, Undervalued between 5.74 and 6.12, Fairly Valued between 6.90 and 6.12, Overvalued between 6.90 and 7.29, and Strongly Overvalued above 7.29. The current Forward EV/EBITDA of 6.41 falls within the Historic Trend Line -Fairly Valued range.
9.25
EV/EBIT
National Fuel Gas Co. (NFG) has a current EV/EBIT of 9.25. The 5-year average EV/EBIT is 9.83. The thresholds are as follows: Strongly Undervalued below 8.33, Undervalued between 8.33 and 9.08, Fairly Valued between 10.57 and 9.08, Overvalued between 10.57 and 11.32, and Strongly Overvalued above 11.32. The current Forward EV/EBIT of 9.25 falls within the Historic Trend Line -Fairly Valued range.
81.03
PS
National Fuel Gas Co. (NFG) has a current PS of 81.03. The 5-year average PS is 3.13. The thresholds are as follows: Strongly Undervalued below -13.31, Undervalued between -13.31 and -5.09, Fairly Valued between 11.34 and -5.09, Overvalued between 11.34 and 19.56, and Strongly Overvalued above 19.56. The current Forward PS of 81.03 falls within the Strongly Overvalued range.
5.60
P/OCF
National Fuel Gas Co. (NFG) has a current P/OCF of 5.60. The 5-year average P/OCF is 5.16. The thresholds are as follows: Strongly Undervalued below 3.69, Undervalued between 3.69 and 4.42, Fairly Valued between 5.89 and 4.42, Overvalued between 5.89 and 6.63, and Strongly Overvalued above 6.63. The current Forward P/OCF of 5.60 falls within the Historic Trend Line -Fairly Valued range.
23.54
P/FCF
National Fuel Gas Co. (NFG) has a current P/FCF of 23.54. The 5-year average P/FCF is 34.57. The thresholds are as follows: Strongly Undervalued below 7.63, Undervalued between 7.63 and 21.10, Fairly Valued between 48.04 and 21.10, Overvalued between 48.04 and 61.52, and Strongly Overvalued above 61.52. The current Forward P/FCF of 23.54 falls within the Historic Trend Line -Fairly Valued range.
National Fuel Gas Co (NFG) has a current Price-to-Book (P/B) ratio of 2.37. Compared to its 3-year average P/B ratio of 1.99 , the current P/B ratio is approximately 19.07% higher. Relative to its 5-year average P/B ratio of 2.27, the current P/B ratio is about 4.40% higher. National Fuel Gas Co (NFG) has a Forward Free Cash Flow (FCF) yield of approximately 2.56%. Compared to its 3-year average FCF yield of 1.86%, the current FCF yield is approximately 37.41% lower. Relative to its 5-year average FCF yield of -0.57% , the current FCF yield is about -549.77% lower.
2.37
P/B
Median3y
1.99
Median5y
2.27
2.56
FCF Yield
Median3y
1.86
Median5y
-0.57
Competitors Valuation Multiple
The average P/S ratio for NFG's competitors is 51.45, providing a benchmark for relative valuation. National Fuel Gas Co Corp (NFG) exhibits a P/S ratio of 81.03, which is 57.48% above the industry average. Given its robust revenue growth of 22.67%, this premium appears sustainable.
P/S
P/E
EV/EBITDA
EV/EBIT
P/S
Revenue Growth
Market Cap
Performance Decomposition
1Y
3Y
5Y
Market capitalization of NFG increased by 25.90% over the past 1 year. The primary factor behind the change was an increase in P/E Change from 5.58 to 14.27.
The secondary factor is the Revenue Growth, contributed 22.67%to the performance.
Overall, the performance of NFG in the past 1 year is driven by P/E Change. Which is more unsustainable.
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FAQ
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